INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of iRobot Corporation – IRBT
iRobotiRobot(US:IRBT) GlobeNewswire News Room·2025-04-29 16:45

Core Insights - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving iRobot Corporation and its officers or directors [1] - iRobot reported a significant financial loss in Q4 2024, with a loss of $2.06 per share and revenue of $172 million, marking a 44% year-over-year decline [3] - Following the financial report, iRobot's stock price dropped by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [3] Financial Performance - iRobot's Q4 2024 results showed a loss of $2.06 per share [3] - Revenue for the quarter was reported at $172 million, reflecting a 44% decline compared to the previous year [3] - The company expressed substantial doubt about its ability to continue as a going concern for at least 12 months from the issuance of its 2024 financial statements [3] Market Reaction - iRobot's stock experienced a significant decline of 51.58% over two trading sessions following the release of its financial results [3] - The stock price fell from its previous value to close at $3.055 per share [3]